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here's the tax plan. fairer, flatter, simpler. more competitive tax code. broaden the base getting rid a lot of special interest deductions, a third of the tax code is known as tax expenditur. >> why couldn't paul ryan explain that 11 days ago? >> well, my guess is he could if he had had time but we did this in '03. it was done in the reagan administration. it was done under jfk. guess what? when you follow this recipe you get more jobs, more economic growth and more tax revenue that helps fight the deficit and that's in contrast to what the president is offering us which is another tax increase on small business, almost a million small businesses and costing 700,000 jobs and it's a real choice election coming the economy. not to mention the debt, not to mention foreign policy. >> okay. so congressman, let's just say on point with your guy. one thing we know is that romney and ryan say they'll reduce inco board, 20%. we have this graphic. you know, if you look at recent history, the reagan tax cuts, both coincided with massive growth of the national debt. t
here's the tax plan. fairer, flatter, simpler. more competitive tax code. broaden the base getting rid a lot of special interest deductions, a third of the tax code is known as tax expenditur. >> why couldn't paul ryan explain that 11 days ago? >> well, my guess is he could if he had had time but we did this in '03. it was done in the reagan administration. it was done under jfk. guess what? when you follow this recipe you get more jobs, more economic growth and more tax revenue...
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will he mention the tax returns? will biden go more after the guy not on the stage with him, rather than the guy who is on the stage with him? peter, i think it's fair to say, listen, joe biden is not a shy man on the campaign trail. will he be the same way tonight in the debate? >> you're right about the wonk trap here. how important is it for ryan to actually avoid getting into the weeds? >> yeah. i mean, paul ryan is a self-described numbers guy. when he asked him about politics, he says, no, i'm a policy guy. his whole career has been in washington, like joe biden. he has been a hill staffer. he has worked as a think tank. he has been on the hill. americans are still learning about paul ryan. google released some data today saying, you know, the difference in the number of google searches between ryan and biden is pretty wide. paul ryan is by far -- has more google interest. as he is introducing himself to americans, he has to, you know, talk about the romney campaign and their program and their issues without so
will he mention the tax returns? will biden go more after the guy not on the stage with him, rather than the guy who is on the stage with him? peter, i think it's fair to say, listen, joe biden is not a shy man on the campaign trail. will he be the same way tonight in the debate? >> you're right about the wonk trap here. how important is it for ryan to actually avoid getting into the weeds? >> yeah. i mean, paul ryan is a self-described numbers guy. when he asked him about politics,...
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broadening the tax base works. and you can -- >> but i have to -- >> no, let me -- >> you haven't given me the math. >> well, i don't have the -- it would take me too long to go through all of the math. >> so i would say those are going to be the big challenges, right? >> oh, i think so. i mean, i think if you start with vice president biden, you know, the gaffe that you played was kind of humorous, but he's had some serious gaffes, particularly -- >> we had a lot to pick from, you're absolutely right. there was not a shortage. >> yeah, yeah, i mean, starting at the top of that list was his description of barack obama as the clean-looking black man. i mean, all of those gaffes can add up. and if he feels the weight of the world on his shoulders, that he's the person who has to turn the momentum of the campaign, i think that's an awful lot of pressure to put on the vice president. >> but for paul ryan, i think the lack of math, and i think some of what has come back to mitt romney has been, sort of, okay, what are t
broadening the tax base works. and you can -- >> but i have to -- >> no, let me -- >> you haven't given me the math. >> well, i don't have the -- it would take me too long to go through all of the math. >> so i would say those are going to be the big challenges, right? >> oh, i think so. i mean, i think if you start with vice president biden, you know, the gaffe that you played was kind of humorous, but he's had some serious gaffes, particularly -- >>...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> well, it may just be the vp debate. the second tier battle for the top ticket in the country, but tonight's debate between joe biden and paul ryan will unubtedly be watched by millions. and while some say a vp debate doesn't hold much sway, you just try telling that to the roughly 70 million people who watched the last vp contest on tv. it was back in 2008. vice presidential candidates joe biden versus sarah palin. >> nice to meet you. hey, can i call you joe? >> you can call me joe. >> thank you. thank you, gwen. thank you. thank you, thank you. >> say it ain't so, joe. there you go again pointing backwards again. you plefrsed your whole comment with the bush administration. >> say it ain't so, joe. i love that. as mentioned, 70 million people watched that debate. that's 10 million more than last week's
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> well, it may just be the vp debate. the second tier battle for the top ticket in the country, but tonight's debate between joe biden and paul ryan will unubtedly be watched by millions. and while some say a...
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he wants to raise taxes here. with the hat tricks from romney, you don't know what you're going to get. >> i think grover got into more and you did, van, more substance than we might see tonight. there's going to be all this substance and policy talk, but it's style. these debates are style. which is why my unsolicited advice is to use humor. not zingers. as a comedian, this word zinger offends me. it's so cheesy. and romney's you're entitled to an airplane and a white house, but not your own set of facts. i cringed as did -- come on, grover. you have a good sense of humor. that was a bad one. these script eed zingers, or jokes, we see them coming or packing their bags from a mile away. use your sense of humor in the moment, react to something that just happened and make it look like that was your reaction in realtime and people will be impressed with that. i'm not only talking to joe biden and paul ryan, i'm talking to obama and romney. these guys have sense of humors. maybe ryan is about as funny as a rand novel
he wants to raise taxes here. with the hat tricks from romney, you don't know what you're going to get. >> i think grover got into more and you did, van, more substance than we might see tonight. there's going to be all this substance and policy talk, but it's style. these debates are style. which is why my unsolicited advice is to use humor. not zingers. as a comedian, this word zinger offends me. it's so cheesy. and romney's you're entitled to an airplane and a white house, but not your...
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even romney's taxes. because they feel inside the ryan camp it is of course going to be the kind of thing that vice president biden comes at him with because president obama got so much, flak, especially from democrats for not using some of his best arguments in there. >> they're expegting it this time around. back to anderson. >> actually, you're sending it back to me, soledad, but i want to thank dana for the excellent rk she just did. when i spoke with mitt romney earlier in the week, he tried to lower expectations for his running mates performance as for joe biden, his son, beau, is talking about his dad's plan to stay discipline ed tonight. stand by for cnn exclusive interviews. first though, this debate flashback. >>> you're the one that was making a comparison -- >> in 1988, during the campaign, quyale had been saying he had as much experience as jack kennedy did, so he was primed for that. >> senator, i served with jack kennedy. i knew jack kennedy. jack kennedy was a friend of mine. senator, you'
even romney's taxes. because they feel inside the ryan camp it is of course going to be the kind of thing that vice president biden comes at him with because president obama got so much, flak, especially from democrats for not using some of his best arguments in there. >> they're expegting it this time around. back to anderson. >> actually, you're sending it back to me, soledad, but i want to thank dana for the excellent rk she just did. when i spoke with mitt romney earlier in the...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? ♪ ♪ hi dad. many years from now, when the subaru is theirs... hey. you missed a spot. ...i'll look back on this day and laugh. love. it's what makes a subaru, a subaru. by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. >>> today is national coming out day, and we want to talk to a man who came out but only as an experiment. because he's actually straight. his name is tim cureic. wrote about his experience in a book called "the cross in the closet" joining me from seattle. thank you so much for joining us. may i call you tim? >> yeah. that's great, don. >> so you are a christian conservative. what motivated you to explore life as a gay man? why did you do t
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? ♪ ♪ hi dad. many years from now, when the subaru is theirs... hey. you missed a spot. ...i'll look back on this day and laugh. love. it's what makes a subaru, a subaru. by the armful? by the barrelful? the carful?...
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cut plan that would increase taxes on the middle class. he wouldn't make abortion he said he would be delighted to sign a bill that would ban abortions if congress sent it to him. mitt romney has campaigned as a severely conservative candidate for president. now that he knows that those -- he is trying to hide who he is and what he stands for. there is a lot of anger building now about the issue of trust. what do you make of that? it was clumsily handled? should heads roll? >> president obama knew ambassador stephens. he was so appreciative of his work. that diplomatic core works for him. >> it is not about mitt romney and what he did which -- >> or my colleagues in congress. >> that was in appropriate. >> in the sense of blaming the video. >> piers -- >> it was more likely to have been a terrorist attack. >> i can't believe you would suggest that. it was very unclear what happened and the main thing was to make sure rather than make snap judgements that we take a step back and make a full investigation. >> do you accept that, that embass
cut plan that would increase taxes on the middle class. he wouldn't make abortion he said he would be delighted to sign a bill that would ban abortions if congress sent it to him. mitt romney has campaigned as a severely conservative candidate for president. now that he knows that those -- he is trying to hide who he is and what he stands for. there is a lot of anger building now about the issue of trust. what do you make of that? it was clumsily handled? should heads roll? >> president...
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cut plan that would increase taxes on the middle class to pay for taxes on the millionaire and billionaires. now he tells the register that he wouldn't make abortion a part of his agenda. i mean, this is the same mitt romney that said he would be delighted to ban abortions if congress sent it to him. his lead running mate has been the sponsor of many legislations that would totally stop women. mitt romney has been a severely conservative candidate for president. now that he notices that the policies could make sure he does not have is a chance of being elected, he is trying to hide who he is and what he stands for. we won't let him get away with it. >> when it comes to trust, though, we're watching the hearings on the libya attack. and there is no doubt, now, there is an issue on the trust with the white house and the statements that came out from the various ambassadors and so on, what do you make it? what it a scandal? should heads roll? >> well, first of all, piers, president obama knew ambassador chris stevens, knew him personally and was s appreciative of his work. as president of the
cut plan that would increase taxes on the middle class to pay for taxes on the millionaire and billionaires. now he tells the register that he wouldn't make abortion a part of his agenda. i mean, this is the same mitt romney that said he would be delighted to ban abortions if congress sent it to him. his lead running mate has been the sponsor of many legislations that would totally stop women. mitt romney has been a severely conservative candidate for president. now that he notices that the...
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, no matter what moderate mitt says, if you lower taxes on the wealthy -- you can't lower taxes on everybody and generate the same amount of revenue. somebody has to pay more. >> we think abortion may come up. what paul ryan said when he was asked about abortion, he said i'm sure you'll find out in these debates. so let's backtrack a little bit here and let's play what mitt romney said about abortion. >> do you intend to pursue any legislation specifically regarding abortion? >> there's no legislation with regards with abortion that i'm familiar with that would become part of my agenda. >> that was tuesday, mitt romney in an interview with the des moines register. here is what he said on witness. >> i think i've said time and again, i'm a pro life candidate, i'll be a pro life president. the actions i'll take immediately are to removed funding for planned parenthood. it will not be part of my budget. >> will he or won't he? will there be legislation on abortion. how do you think that will play out for him? >> i think there are two different things, i think the operative word in the question
, no matter what moderate mitt says, if you lower taxes on the wealthy -- you can't lower taxes on everybody and generate the same amount of revenue. somebody has to pay more. >> we think abortion may come up. what paul ryan said when he was asked about abortion, he said i'm sure you'll find out in these debates. so let's backtrack a little bit here and let's play what mitt romney said about abortion. >> do you intend to pursue any legislation specifically regarding abortion?...
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i think it's fair to say more specific than on the tax plan. and he's come out and said he's going to increase spending from where it is significantly. i'll throw it up on the screen. that's a pretty incredible number. all right. barack obama's budget according to his plan would be $605 billion. that's pretty amazing. are you more like in the obama camp is what i'm getting? >> what i would say is the same thing i say to liberals. can't always make education better by throwing more money at it. depend our vital interests, but let's not be everywhere all the time. let's no decide every war is something that u.s. dollars as well as soldiers have to participate in. so i do object to it. i'm concerned that you know, we could be at war with syria even before the election occurs. if things escalate across turkey's border. you have the head of nato now says that if turkey's attacked, all of a sudden, nato's mite will be involved in this war and i think for a border skirmish between syria and turkey, where syria's government is very weak and destabilize
i think it's fair to say more specific than on the tax plan. and he's come out and said he's going to increase spending from where it is significantly. i'll throw it up on the screen. that's a pretty incredible number. all right. barack obama's budget according to his plan would be $605 billion. that's pretty amazing. are you more like in the obama camp is what i'm getting? >> what i would say is the same thing i say to liberals. can't always make education better by throwing more money...
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women's health care, immigration, on his embrace of a $5 trillion tax cut, those are the far right wing of the party. we'll hold his feet to the fire for the next 27 days. it does amaze me, that you know, mitt romney had one good night. the president didn't have the best night, he's been pretty straight forward about that, but we're running like we're five points behind in these swing states. there is a little bit of overconfidence i'm hearing from kelly anne. >> sorry. never. no overconfidence. i'm not part of the romney team. no overconfidence here. this race is not over and late in the game deciders are female. the only thing to them, when you talk about women's health, they think about cardiovascular issues, osteoporosis, owe weissity, nutrition, they don't think about abortion. you taking the word was once called abortion, choice, and now all women's health is insulting to women. let them make the decision. >> those are preexisting conditions are you talking about. a lot are preexisting conditions and i still don't understand why governor romney during the debate would say his heal
women's health care, immigration, on his embrace of a $5 trillion tax cut, those are the far right wing of the party. we'll hold his feet to the fire for the next 27 days. it does amaze me, that you know, mitt romney had one good night. the president didn't have the best night, he's been pretty straight forward about that, but we're running like we're five points behind in these swing states. there is a little bit of overconfidence i'm hearing from kelly anne. >> sorry. never. no...
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position, on issues like women's health care, on immigration, on his embrace of a 5 trillion dollar tax cut, those are the positions that are the far right wing of the appear. we'll hold his feet to the position. it amazed me, mitt romney had one good night, the president, he had one bad night, we're five points behind in the swing states. and i hope that the romney team is doing the same thing. because there is a little bit of over-confidence i'm hearing from kelly ann. >> sorry, no over-confidence, i am not over-confident here, i certainly support him for president. the race is not over. and the late in the game deciders are female. the only thing, when you talk about women's health, they think about heart issues, osteoporosis, obesity, nutrition, they don't think about abortion. i think you take the word, it was once called abortion, now it is women's choice, women's health, insulting to women. >> a lot of those are pre-existing conditions, i guess i still don't understand why governor romney would be saying during the debate that his health care covers pre-existing conditions, when
position, on issues like women's health care, on immigration, on his embrace of a 5 trillion dollar tax cut, those are the positions that are the far right wing of the appear. we'll hold his feet to the position. it amazed me, mitt romney had one good night, the president, he had one bad night, we're five points behind in the swing states. and i hope that the romney team is doing the same thing. because there is a little bit of over-confidence i'm hearing from kelly ann. >> sorry, no...
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okay, there's tax rates and tax revenues. now a couple of things, tax rates, marginal rates are different from tax revenues. revenues can come from growth, from capped deductions. i just want to ask you, grover, do you support mitt romney's plan which would lower the rates, put a strict limit on the dollars of tax deductions and increase the economic growth rate? do you support romney? >> well, romney's plan is revenue neutral. he's made a commitment to the american people not to have a net tax increase. that's a great plan. obama wants higher tax rates, and schumer, the leader in the senate, made that clear as well, so it's between romney wanting to cut your tax rates and obama wanting to increase your top tax rates. that's the difference between the two parties. >> all right. dean baker, get you into this discussion. you know, dean, the brookings institute supports lower tax rates and knocking out deductions. that's what they want. everybody in washington except team obama. obama's idea, and biden's idea is to jack up tax r
okay, there's tax rates and tax revenues. now a couple of things, tax rates, marginal rates are different from tax revenues. revenues can come from growth, from capped deductions. i just want to ask you, grover, do you support mitt romney's plan which would lower the rates, put a strict limit on the dollars of tax deductions and increase the economic growth rate? do you support romney? >> well, romney's plan is revenue neutral. he's made a commitment to the american people not to have a...
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it's also a progressive tax, unlike the current flat tax it's a tax that exempts small businesses that have revenues of less than a million dollars but it also increases taxes for our most successful and our largest businesses. then the last thing i will mention, it is a tax that will help to recoup the revenues that we lost 10 years ago to make sure we have money for affordable housing, for muni, public safetying and public health . >> starchild, why do you think we should vote against this proposition? >> i agree with everything supervisor chiu said about payroll tax. if this measure were revenue neutral, if it were substituting a gross receipts tax for a tax on payroll, the libertarian party would have supported it. but unfortunately some people at city hall got greedy and so the measure is actually a 25.8 million dollars a year tax increase. during a recetion, people are suffering, many people unemployed, many people in san francisco are earning minimum wage, thousands of course on our streets. it's the wrong time to be raising taxes on businesses because the largest employers, of
it's also a progressive tax, unlike the current flat tax it's a tax that exempts small businesses that have revenues of less than a million dollars but it also increases taxes for our most successful and our largest businesses. then the last thing i will mention, it is a tax that will help to recoup the revenues that we lost 10 years ago to make sure we have money for affordable housing, for muni, public safetying and public health . >> starchild, why do you think we should vote against...
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cut, tax credit attac, tax stimulus, tax credited will expire on new year's eve this year, a hundred billion on sequester in defense and nondefense spending will hit. and unemployment insurance will stop, so when you add that up, 700 billion, nearly 5% of gdp on an annualized basis, i'm not confident that political system has capacity to deal with a world wind this massive. neil: why are the markets so sanguine through this? >> there is no one at home on wall street, these are basically robots trading world clouds emitted by federal reserve or other tral banks in the world, they trade day-to-day hour to hour, based on latest new an in word, -- ne nuance in the world, this is not a one time events. neil: some are, jamie dimon of j.p. morgan is marshals for it. >> we're forming now a fiscal cliff war room, command center and all this stuff to make sure we understand it, j.p. morgan will survive a fiscal cliff, i think it is terrible policy to allow it to get close. neil: prepare for something bad? >> i think they are prepared. but -- >> what would a brokerage firm or investorment bank
cut, tax credit attac, tax stimulus, tax credited will expire on new year's eve this year, a hundred billion on sequester in defense and nondefense spending will hit. and unemployment insurance will stop, so when you add that up, 700 billion, nearly 5% of gdp on an annualized basis, i'm not confident that political system has capacity to deal with a world wind this massive. neil: why are the markets so sanguine through this? >> there is no one at home on wall street, these are basically...
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bolick, sales tax. bullock: if a sales tax on sandusky will veto it. the congress has said repeatedly actually she would favor a replacement tax. he also points to property tax rates inside, idaho or wyoming so much better off given the fact of their property tax rates. by and large, even conservative groups say we have each best taxes for businesses in the nation. so the other safety looks that have sales tax. i think we can do great things for montana. we propose to give them a business tax cut. there would be 11,000 businesses across the state. a $400 for a phone that owns a home in montana. so we will make sure to help up main street is as well as to certain another places like that. >> the u.s. supreme court citizens united decision of the two judges and montana striking on several montana's campaign finance laws, essentially opening the floodgates of spending in the state and national races. one lot was reinstated by the ninth circuit. many people including your opponents believe citizens united and a follow corrupt the election process. others t
bolick, sales tax. bullock: if a sales tax on sandusky will veto it. the congress has said repeatedly actually she would favor a replacement tax. he also points to property tax rates inside, idaho or wyoming so much better off given the fact of their property tax rates. by and large, even conservative groups say we have each best taxes for businesses in the nation. so the other safety looks that have sales tax. i think we can do great things for montana. we propose to give them a business tax...
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a lot of people keep asking me, what is this tax reform? it's kind of complicated. and i tell them it's about real people, real businesses and real jobs. because it is now that we're the only city in the state of california that's got a payroll tax. we're still taxing job creation, opposite of what we've all wanted to do many if not most of you have complained for years, why are we doing this to ourselves? well, i'm happy to report that we're long last at reforming our business tax structure. we're going to stop taxing jobs and we're going to help companies large and small start here, stay here and grow right here. and we need to protect existing jobs at the same time we spur job creation. in our consensus measure we'll generate new revenue for housing, for economic development and critical infrastructure like our roads and muni, investments that will help our workers and our businesses. and because we are growing and a vibrant economy we require a growing and diverse supply of housing. so we need a housing trust fund. that's proposition c creating a permanent fund
a lot of people keep asking me, what is this tax reform? it's kind of complicated. and i tell them it's about real people, real businesses and real jobs. because it is now that we're the only city in the state of california that's got a payroll tax. we're still taxing job creation, opposite of what we've all wanted to do many if not most of you have complained for years, why are we doing this to ourselves? well, i'm happy to report that we're long last at reforming our business tax structure....
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only in washington is not raising taxes on people considered a tax cut. what we are talking about here is not cutting taxes. we are talking about keeping taxes where they are and preventing tax increases. second point -- we, meaning the government, cannot afford this? whose money is this after all? is all the money that is made in america washington's money, governments money, or is it the people's money who earned it? i hear all this money about the death tax, the estate tax -- this is going to give a windfall to these people, this money going to this privileged people who built these businesses, made this money. it is their money. which is it? do we have a country built on equal natural rights where you can make the most of your life, get up, work hard, take risks, become successful, create jobs, growth businesses, do well, and success, and, yes, pass it onto your kids? what on earth is wrong with that? that is the american dream. to my friends on my side of the aisle who simply do not like some of the spending in this bill, i do not like it either, so
only in washington is not raising taxes on people considered a tax cut. what we are talking about here is not cutting taxes. we are talking about keeping taxes where they are and preventing tax increases. second point -- we, meaning the government, cannot afford this? whose money is this after all? is all the money that is made in america washington's money, governments money, or is it the people's money who earned it? i hear all this money about the death tax, the estate tax -- this is going...
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a preparation of taxes, tax increments of the annual budgeting process, the board retains the authority. director ram has a smaller scope when he sits on the oversight board; the other successor agency commission implements the plant, and the land use authority pursuant to the previously approved document by the commission and the board. that concludes my presentation. i am available for questions as is mr. elliott. >> do we take public comment on this? we are opening the public comment. if any. seeing none -- commissioner -- >> there's been somewhere in the news, potential for ucsf to come up against square footag limitation, and possibly they could come up for an increase. would this new commission be involved with that? the board of supervisor has to make the final decision. would the oversight commission make a recommendation? >> yes, ucsf and the successor agency have been working together; they are addicting of their own success. the buildings they have built within the 43 acres of mission bay south, will be maxed out on the envelope; they are not looking to expand on other sites
a preparation of taxes, tax increments of the annual budgeting process, the board retains the authority. director ram has a smaller scope when he sits on the oversight board; the other successor agency commission implements the plant, and the land use authority pursuant to the previously approved document by the commission and the board. that concludes my presentation. i am available for questions as is mr. elliott. >> do we take public comment on this? we are opening the public comment....
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if it's billed as tax reform. so that's a way to tell it to the house republicans -- >> bill: but that doesn't answer my question. don't you somewhere to get rid of the bush tax cuts in order to come up with a solution? >> if you got rid of the bush tax cuts that would be a huge chunk of money. the problem i think president obama and the democrats are facing is those are tax cuts for people across the whole income-- i don't think it will solve any deficit problem over any long return. that's 2% of the taxpayers that we're talking about. and one of the things we'll have to deal with over the next decade is that to really get some of these entightments under control -- >> bill: all right. we're going to take a break, because i want to challenge that. >> okay. >> bill: it's a hell of a lot more money than big bird is. nancy cook is in the studio with us. we're just getting started here. 866-55-press is our toll free number. join the conversation. >> announcer: this is the >> bill: >> bill: show, live on your radio an
if it's billed as tax reform. so that's a way to tell it to the house republicans -- >> bill: but that doesn't answer my question. don't you somewhere to get rid of the bush tax cuts in order to come up with a solution? >> if you got rid of the bush tax cuts that would be a huge chunk of money. the problem i think president obama and the democrats are facing is those are tax cuts for people across the whole income-- i don't think it will solve any deficit problem over any long...
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the corporate tax. we have the highest corporate tax in the world. it's one of the reasons why jobs are going overseas because we have taxed and regulated american jobs out of business. we don't want american jobs to compete, we want them to dominate. we want to be able to dominate the world market and we believe that the ability to do that is reducing taxing and regulation on american companies. host: i want to get a republican phone call here for robby mook. this is debby in houston, texas. caller: good morning i'm a tea partier and i'm getting tired of hearing them bad mouth the tea party as sort of conspiracy. let me explain to you, we started the tea party because we were sick and tired what was going on in washington by both the democrats and the republicans. we were tired of it. mr.mook, i hate to tell you but the democrats do nothing but lie which is why you're blaming mitt romney for lying. don't call the kettle black when you're black. i'm going it tell you, i listen to c-span and i listen to
the corporate tax. we have the highest corporate tax in the world. it's one of the reasons why jobs are going overseas because we have taxed and regulated american jobs out of business. we don't want american jobs to compete, we want them to dominate. we want to be able to dominate the world market and we believe that the ability to do that is reducing taxing and regulation on american companies. host: i want to get a republican phone call here for robby mook. this is debby in houston, texas....
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the bush era tax cuts do not do enough. we need to abolish tax cuts -- taxes entirely. barack obama said he did not want to raise taxes on the middle class because the middle class buys cars. so did the rich. the rich spend money, too. the rich are part of the crowd that invest money to create jobs. that is what we need to be doing in america -- cutting everybody's taxes as far as possible. >> we got you. congressman, would you ok $3 in spending cuts for every $1 and revenue? >> you will never get that bargain. i believe there are some republicans who say you go -- if you lower the top tax rate, that you cannot produce any new revenue for government. i do not believe that. i say if we generate new revenue, then pay down the debt faster, by down the rate further. so i am not one who says he cannot generate any new revenue. there was a question a while ago about and ethanol subsidy that i have been trying to get rid of for years. we finally did. that is about $6 billion. some republicans said if you get rid of that -- it's price revenue neutral. get rid of a bad subsidy.
the bush era tax cuts do not do enough. we need to abolish tax cuts -- taxes entirely. barack obama said he did not want to raise taxes on the middle class because the middle class buys cars. so did the rich. the rich spend money, too. the rich are part of the crowd that invest money to create jobs. that is what we need to be doing in america -- cutting everybody's taxes as far as possible. >> we got you. congressman, would you ok $3 in spending cuts for every $1 and revenue? >> you...
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if reported federal taxes and state and local taxes. that year, i happen to bail out of state and local taxes which are deducted from the other. i looked at the other day and we have paid 42% of our gross income in taxes. mr. mondale the other night took -- i will be honest, i thought it was a cheap shot at me. we did little looking around to see about his. we can not find his 1981 tax return. it might have been released. but we did find test beds his income for those three years is $1,400,000. i think he paid about the same percentage i did in total taxes. he also made a reference that troubled me very much. he was talking about my chauffeur. i am driven to work by the secret service. so is mrs. ferraro. so is mrs. -- so is mr. mondale. they protected his life for four years and now they have done a beautiful job for barbara and i and they saved the life of the president of the night of states. i thought that was a cheap shot to try to divide class, rich and poor. it is and whether mrs. ferraro is doing well. i think they are doing pre
if reported federal taxes and state and local taxes. that year, i happen to bail out of state and local taxes which are deducted from the other. i looked at the other day and we have paid 42% of our gross income in taxes. mr. mondale the other night took -- i will be honest, i thought it was a cheap shot at me. we did little looking around to see about his. we can not find his 1981 tax return. it might have been released. but we did find test beds his income for those three years is $1,400,000....
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rid of the amt, payroll tax, number of tax cut he put on the table. the sum of the tax cuts is $5 trillion. >> bret: he said in the debate? you capped it, set a cap you could reach it. tax policy center which you cite, campaign cites says that you could reach the number that he is talking about -- >> no, it didn't say that. if you could reach the number -- you could add up the deduction and loopholes to $5 trillion if you raise taxes on the middle class. that's what the tax policy center says. that's what a lot of independent economists said. >> bret: actually, no. they said you don't have to -- it could be revenue neutral if you take off certain things off the table. >> you mean if you don't take off the table what mitt romney has taken off the table. he has taken investment income off the table. he is not going to touch those loophole for high-income. because of what romney has taken off the table and the lack of specificity on the deduction it's impossible to do the math. >> bret: my point is that you are down in to what exactly he is going to say
rid of the amt, payroll tax, number of tax cut he put on the table. the sum of the tax cuts is $5 trillion. >> bret: he said in the debate? you capped it, set a cap you could reach it. tax policy center which you cite, campaign cites says that you could reach the number that he is talking about -- >> no, it didn't say that. if you could reach the number -- you could add up the deduction and loopholes to $5 trillion if you raise taxes on the middle class. that's what the tax policy...
SFGTV2: San Francisco Government Television
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it's an 8-year tax. it's a finite tax. >> well, you know they say the only things permanent are death and taxes. once a new tax is implemented we often find even though it's called temporary when it gets passed, it ends up bking permanent or longer term than was discussed. i would love for my colleague here to tell us that she won't support extending that tax beyond the 8 years if it were to pass, but i believe that there's other ways that city college can stay afloat and continue to serve a declining student population. they might close some of the new campuses they've opened recently and consolidate facilities. >> thank you. do you want to offer comments to starchild's opposition? >> i think the, one of the primary things we need to remember is that city college of san francisco, which is an institution that san francisco really counts on, i think, for both our economy and for all of the community, has been operating under duress for a number of years. we can and we will make the smart reforms, we alre
it's an 8-year tax. it's a finite tax. >> well, you know they say the only things permanent are death and taxes. once a new tax is implemented we often find even though it's called temporary when it gets passed, it ends up bking permanent or longer term than was discussed. i would love for my colleague here to tell us that she won't support extending that tax beyond the 8 years if it were to pass, but i believe that there's other ways that city college can stay afloat and continue to...
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the bush era tax cuts do not do enough. we need to abolish tax cuts -- taxes entirely. barack obama said he did not want to raise taxes on the middle class because the middle class buys cars. so did the rich. the rich spend money, too. the rich are part of the crowd that invest money to create jobs. that is what we need to be doing in america -- cutting everybody's taxes as far as possible. >> we got you. congressman, would you ok $3 in spending cuts for every $1 and revenue? >> you will never get that bargain. i believe there are some republicans who say you go -- if you lower the top tax rate, that you cannot produce any new revenue for government. i do not believe that. i say if we generate new revenue, then pay down the debt faster, by down the rate further. so i am not one who says he cannot generate any new revenue. there was a question a while ago about and ethanol subsidy that i have been trying to get rid of for years. we finally did. that is about $6 billion. some republicans said if you get rid of that -- it's price revenue neutral. get rid of a bad subsidy.
the bush era tax cuts do not do enough. we need to abolish tax cuts -- taxes entirely. barack obama said he did not want to raise taxes on the middle class because the middle class buys cars. so did the rich. the rich spend money, too. the rich are part of the crowd that invest money to create jobs. that is what we need to be doing in america -- cutting everybody's taxes as far as possible. >> we got you. congressman, would you ok $3 in spending cuts for every $1 and revenue? >> you...
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yet these organizations function as a five a one c three tax exempt foundation and because they're tax exempt foundations they have to have certain tax forms made available to the public through the i.r.s. or through their proxies if you know where to look and so i did some digging under this assumption and i found the nine ninety forms there are fully authentic verified upside down and backwards for not only the council on foreign relations but the secretive builder burge group as well showing that they spend approximately one million dollars a year on their annual conference and what's interesting is on the building tax returns to the nine ninety forms i function as the entity american friends of builder berg james johnson of perseus l l c is the treasurer and these forms by law have to show who contributes to these organizations so we find in the build of words tax returns and really kissinger david rockefeller just two of the really the most slightly to look at that right now as you're talking kissinger twenty grand rockefeller fifty grand microsoft seventy five grand goldman sachs
yet these organizations function as a five a one c three tax exempt foundation and because they're tax exempt foundations they have to have certain tax forms made available to the public through the i.r.s. or through their proxies if you know where to look and so i did some digging under this assumption and i found the nine ninety forms there are fully authentic verified upside down and backwards for not only the council on foreign relations but the secretive builder burge group as well showing...
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for overall tax reform. what we are talking about their is to lower rates on everyone. and have maybe 25%, a 10% rate. you also start off with a clean sheet of paper. as far as the loopholes that are in the tax bill. .. >> should health care reform as we have now remain the same? >> it seems it is actually working and people across i would talk to me about it. or the parts of it that are very important to it. they did not kick the can down the road. so much is paid by everybody through the emergency room so let's include more people. the pre-existing condition who wants to go back to that? there should be some changes. the hospital situation, i wealth where the rubber meets the road will get the back. but they are giving better care. the fact they are creating jobs. >> changes? boswell: that will happen as we come to that point* but we're still in the infant change you cannot have a cap the policy because you have gotten sick common in the hospital, cannot have children on until they are 26. there are things
for overall tax reform. what we are talking about their is to lower rates on everyone. and have maybe 25%, a 10% rate. you also start off with a clean sheet of paper. as far as the loopholes that are in the tax bill. .. >> should health care reform as we have now remain the same? >> it seems it is actually working and people across i would talk to me about it. or the parts of it that are very important to it. they did not kick the can down the road. so much is paid by everybody...
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the tax code. what governor romney and what paul ryan have said is let's have a fair flatter simpler more competitive tax code, bring down rates and broaden the base. start to get rid of all the different loopholes and all the different exemptions. and so this is how you can have a tax code again that is fair, flatter, simpler and is revenue neutral, which of course we have now -- there's at least a half dozen economists, economic organizations, who have said this is true. you've had fact checkers with respect to the president's claim that this increases taxers say that's false. it doesn't. so here is the framework and what mitt romney said is i'm willing to work with both sides of the aisle republicans and sdms to get the details right and t president has never worked with republicans. there is no doubt that the president wants to increase taxes on small businesses, the job engine of america. >> i think there's no doubt we just heard a review what have we might hear from paul ryan tonight. congres
the tax code. what governor romney and what paul ryan have said is let's have a fair flatter simpler more competitive tax code, bring down rates and broaden the base. start to get rid of all the different loopholes and all the different exemptions. and so this is how you can have a tax code again that is fair, flatter, simpler and is revenue neutral, which of course we have now -- there's at least a half dozen economists, economic organizations, who have said this is true. you've had fact...
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and never say tax reform and tax simplification never say estate tax instead say the death tax never say capitalism instead say free market out of this is this is the republican mayme is to is to is to always go in that direction never say undocumented workers instead say illegal aliens never say drilling for oil instead say exploring for energy never skate school choice instead say prequel opportunity in education and never say health care choice instead say the right to choose so you get at the this is very very systematic manipulation of language in the american political discourse this is the republican game plan laid out and this is the only way they can win elections this and disenfranchising people keeping people from voting voter id laws and things like that but basically this by boiling down often complex issues where the right answer can only be found through rigorous debate and turning them into quick easy to remember catch phrases and buzz words let's eliminate the dead debate around how much people like paris hilton should pay an estate taxes stead just call it a dreaded
and never say tax reform and tax simplification never say estate tax instead say the death tax never say capitalism instead say free market out of this is this is the republican mayme is to is to is to always go in that direction never say undocumented workers instead say illegal aliens never say drilling for oil instead say exploring for energy never skate school choice instead say prequel opportunity in education and never say health care choice instead say the right to choose so you get at...
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and the bottom 20% earned only 3.4% of the taxes and paid 2.1% of the taxes. in the end it all evens out. people pay the same percentage of the taxes as they earned of the income. sound pretty darn fair to me, david. no redistribution there. just carrying one's fair share. yet david said he's so frustrated his motivation to work may be destroyed all together because of the current system. he blamed it all on a system that penalizes the productive and gives to the unproductive. but again he is wrong. government has to take from all for the good of all. including for the good of mr. siegel. just one example. westgate's property at the smoky mountain resort and spa in gatlinberg tennessee people go there and pay there siegel a whole lot of money to appreciate the beauty of the great smoky mountains. the first national park in which the federal government spent its own money to wyland. no national park, no resort that people would pay for. you wouldn't want to build a resort there without reliable public and fire system or the road to get there or the system to gi
and the bottom 20% earned only 3.4% of the taxes and paid 2.1% of the taxes. in the end it all evens out. people pay the same percentage of the taxes as they earned of the income. sound pretty darn fair to me, david. no redistribution there. just carrying one's fair share. yet david said he's so frustrated his motivation to work may be destroyed all together because of the current system. he blamed it all on a system that penalizes the productive and gives to the unproductive. but again he is...
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raising taxes, raising taxes is not the answer. if you think about it washington, you should not want anybody to send my more money to washington until they learn fix what they spend today. if i held up a budget and put the holes and the leaks and the spending that's going on. you would say why would anybody want to put more water in the bucket. let's fix it. that's the difference. washington doesn't know how to spend the money they're getting already. we need make sure we are looking at every line item. we are borrowing 40 cents on the dollar for every thing we spend we need to make sure is it worth borrowing money from chinese to do this. >> moderator: a followup question, i'm start with you mr. renacci. how kickly -- quickly shouldly reached balance spended you supported the ryan budget which takes twenty five years to reach the goal. is that realistic or should it be shorter? renacci: i'm concerned that making social security, medicare, and medicaid are solvent. i want to make sure that those 55 and older have no changes to the
raising taxes, raising taxes is not the answer. if you think about it washington, you should not want anybody to send my more money to washington until they learn fix what they spend today. if i held up a budget and put the holes and the leaks and the spending that's going on. you would say why would anybody want to put more water in the bucket. let's fix it. that's the difference. washington doesn't know how to spend the money they're getting already. we need make sure we are looking at every...
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how about the cap al gains loophole that lower tax rate on investment income. that's $71 billion ayear, giveaway to 1%ers if there ever was one. >> one of the reason that it's lower is because capital has already been taxed once at the corporate level. as high as 35%. i, so i you think it is fair? >> yeah, i think it's the right way to encourage economic growth. >> in fact, romney hasn't specified a single (bleep)ing deduction! ten largest current individual tax breaks totaling $4842 billion a year for elimination, not one. dude couldn't be more vague if he were an hbo season finale. boom! boom! (cheers and applause) take that "hung" season 3. (laughter) how could he they not let us know what ray is going to do next with his giant dong? (laughter) well, you can't expect romney to lay out a specific plan with numbers and budgets. he's not a businessman, he's -- sorry? (laughter) we need a numbers guy. >> those of you who know me, i'm kind of a numbers guy. >> jon: there he is! the capitol hill accountant! the wonk from wisconsin. the mathematician from -- madiso
how about the cap al gains loophole that lower tax rate on investment income. that's $71 billion ayear, giveaway to 1%ers if there ever was one. >> one of the reason that it's lower is because capital has already been taxed once at the corporate level. as high as 35%. i, so i you think it is fair? >> yeah, i think it's the right way to encourage economic growth. >> in fact, romney hasn't specified a single (bleep)ing deduction! ten largest current individual tax breaks...
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taxes on, you can tax them at a marginal rate of 100% and still not accomplish what you need to accomplish. >> the president has a budget, it's out there, everybody can see it. >> the one that got zero democratic votes? >> hold on, he has a budget. >> that one? >> and it's really quite clear. from memory it's $2.2 trillion on the spending side, the high earner bush tax cuts expiring. about 400 million more than the 2.2 on the mandatory side for a total of about 3.5. you can debate whether that's going to pass or not pass in a new congress if the president's reelected, but it's out there, and everybody can talk about it and assess it and like it or dislike it. i happen to think it's pretty reasonable and i also happen to think it's going to resemble pretty closely what ultimately is done to avert the fiscal cliff. >> even domenici, rivlin, even simpson-bowles, we athey're not telling we can have our cake and eat it too and get the rich people to cover the problems with our deficit and spending. even they say broaden the base. if you let the bush tax cuts expire as a whole, 80% of our defici
taxes on, you can tax them at a marginal rate of 100% and still not accomplish what you need to accomplish. >> the president has a budget, it's out there, everybody can see it. >> the one that got zero democratic votes? >> hold on, he has a budget. >> that one? >> and it's really quite clear. from memory it's $2.2 trillion on the spending side, the high earner bush tax cuts expiring. about 400 million more than the 2.2 on the mandatory side for a total of about...
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see mitt romney lives in a different universe than the rest of us in mitt romney's universe the top tax rate is fifteen percent in our universe it's thirty five percent. and mitt romney's universe the entire world is a bank account from the cayman islands to switzerland but in our universe we have checking accounts at the nearest bank in town and mitt romney's universe corporations are people in our universe well you know that's just ridiculous unless you sit on the supreme court and mitt romney's universe there is no health care crisis in america you see in an interview with the columbus dispatch newspaper romney doubled down on his notion that uninsured americans can still get the care they need romney said quote we don't have a setting across this country where if you don't have insurance we just said you tough luck you're going to die when you have your heart attack now you go to the hospital you get treated you get care and it's paid for either by charity the government or by the hospital we don't have people that become ill who die in their apartment because they don't have insura
see mitt romney lives in a different universe than the rest of us in mitt romney's universe the top tax rate is fifteen percent in our universe it's thirty five percent. and mitt romney's universe the entire world is a bank account from the cayman islands to switzerland but in our universe we have checking accounts at the nearest bank in town and mitt romney's universe corporations are people in our universe well you know that's just ridiculous unless you sit on the supreme court and mitt...
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it's the expiration of the bush tax cuts. it's the expiration of the payroll tax. it's the expiration of a patch put over the amt so it wouldn't hit the middle class. it's these mindless, senseless across the board cuts that were put forth as a part of the sequester which came about because of the super committee. every one of those issues is addressed in a long-term fashion so it doesn't distract an economic recovery in simpson-bowles. >> some people respond to fear. some people respond to opportunity. take it from the other side. what if we came up with a situation tomorrow, opened up a newspaper and there was some conciliation, there was some agreement, it may not be everything one side would want. somewhere in the middle. maybe closer to the extreme you didn't like. but there was some compromise that was laid out. what kind of a stimulus you think that would provide the economy? >> tell me your answer to that question. >> huge. >> how much would the market go up on that? >> i can't -- the market's a separate person. i'd be a buyer of the market. goldman sachs,
it's the expiration of the bush tax cuts. it's the expiration of the payroll tax. it's the expiration of a patch put over the amt so it wouldn't hit the middle class. it's these mindless, senseless across the board cuts that were put forth as a part of the sequester which came about because of the super committee. every one of those issues is addressed in a long-term fashion so it doesn't distract an economic recovery in simpson-bowles. >> some people respond to fear. some people respond...
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i hear all this talk about about the death tax, the estate tax. it's going give a windfall to the people. all themen money going the privilege people who built the pis business, made their money it's their money. which is it? do we have a country built on equal natural rights, where you can make the most of your life, get up, work hard, take risks, become successful, create jobs, grow businesses, do well, earn success, and yes, pass it on to your kids. what on earth is wrong with that? that's the american dream. and to my friend to my side of the aisle who simply don't like some of the spending in the bill. i don't like it either. let's cut the spending next year when we're in charge. there's junk in the tax code. everybody agrees with this. this is advancing some of the junk in the tax code and what i say to my friends on the other side of the aisle next year let's get rid of the junk of the tax code with we're in charge. right now, let's not hit the american people with the tax increase. if we want to get this debt under control, if we want to g
i hear all this talk about about the death tax, the estate tax. it's going give a windfall to the people. all themen money going the privilege people who built the pis business, made their money it's their money. which is it? do we have a country built on equal natural rights, where you can make the most of your life, get up, work hard, take risks, become successful, create jobs, grow businesses, do well, earn success, and yes, pass it on to your kids. what on earth is wrong with that? that's...
SFGTV2: San Francisco Government Television
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i do pay a higher tax rate and i think that is fine. but the people who are successful in our society are increasingly asked asked to bear more and more of the share of the tax burden as opposed to making sure that all citizens understand that if we are going to have a world class education system we have to balance that against other things. we cannot both have a big bullet train to nowhere that is going to cost probably over $billion dollars and have a world class system. i hope for the american dream to continue here in california and i hope to have the opportunity one day represent the voters of san francisco and play my role in the public service and i come mend the senator for doing that and sacrificing his career in that regard and i hope to be able to join him one day, thank you. >> i inseerly thank the an dates, on behalf of the league of san francisco, and the jr. league of san francisco. the university of california san francisco, the san francisco public librariry and our media partner, san francisco government television. a
i do pay a higher tax rate and i think that is fine. but the people who are successful in our society are increasingly asked asked to bear more and more of the share of the tax burden as opposed to making sure that all citizens understand that if we are going to have a world class education system we have to balance that against other things. we cannot both have a big bullet train to nowhere that is going to cost probably over $billion dollars and have a world class system. i hope for the...